As demand surges, global investors are flocking to Bitcoin. The Chicago Mercantile Exchange (CME) Bitcoin futures open interest has surpassed 40,000 contracts for the first time, doubling since the beginning of this year. At the peak of Bitcoin in November 2021, open interest decreased by about 58%, to approximately 17,000 contracts. Meanwhile, Bitcoin's market capitalization reached a record of $1.94 trillion.
The volatility of cryptocurrencies is not limited to price, but is also evident in sentiment. This year, the market odds for Bitcoin (BTC) reaching $100,000 soared to 85%, but dropped sharply to 64% in just the last 10 minutes. This rapid shift highlights the extreme sensitivity of the cryptocurrency market to speculative sentiment and breaking news. This is typical of emotional trading, where retail investors often end up losing. When market decisions are based on impulsive reactions to price movements or speculative optimism, it can cloud judgment and lead to significant losses. $BTC #市场回暖新机遇

Happy Weekend🎉

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